Which of the following items is not part of Government of India's capital receipts ?
Non-tax revenue belongs to revenue receipts. Loan recoveries and disinvestment reduce financial assets, while borrowings create liabilities, so these are capital receipts.
Choose your answer
Which of the following items is not part of Government of India's capital receipts ?
Answer and explanation
Correct answer A
Non-tax revenue belongs to revenue receipts. Loan recoveries and disinvestment reduce financial assets, while borrowings create liabilities, so these are capital receipts.
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Himachal Pradesh SET (HP SET)